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Cost cuts, asset sales and property write-downs in store for Tesco

Head of Britain's biggest retailer to provide update on his plans to revive company

Mr Lewis has repeatedly stated that investors should not expect him to lay out a major strategic blueprint for the next three years or put a figure on how many millions of pounds he will invest in price cuts.


NEW Tesco boss Dave Lewis is expected to focus on cost cuts and asset sales when he provides an update on his plans to revive the troubled British grocer's fortunes on Thursday.

Britain's biggest retailer, reeling from an accounting scandal and four profit warnings that